Thanksgiving with Braeburn Wealth Management
Happy Thanksgiving! Recently, we came across a poem that reminded us of all there is to be grateful for. It’s about the little things in life and why they matter. In honor of Thanksgiving, we thought we’d share it with you. The author seems to be unknown, but we...
Cause and Effect in Today’s Market; Simple Explanations
If you’ve been paying attention to the headlines, you know that September was a rough month for the markets. The S&P 500 finished down 4.9%, making it the worst month of the year. For the quarter, the S&P dropped 3.6%, while the Dow lost 2.6%. What’s behind...
It Is Open To Interpretation
Jackson Pollock was an action painter. He poured, dropped, and dripped paint onto horizontal canvases. Some people look at his work and wonder why it’s highly valued. Others find deep meaning in the paintings. For instance, Pollock’s Convergence is a collage of...
Stocks Popped Higher, Anyway
Central banks are hawkish. Stocks popped higher, anyway. Last week, despite signs that inflation is slowing, U.S. Federal Reserve (Fed) officials emphasized their commitment to tightening monetary policy to lower inflation. Several indicated they anticipate a third...
Back To School
Across the country, school supplies have been purchased and many children have returned to the classroom to start a new school year. The give and take between teachers and students can produce some memorable – and humorous – moments. The following are from stories...
We are nearing the end of a fantastic year for the stock market. It is not unusual for our clients to be up 20% this year. This is a good time to consider the following:
– Avoid taking unnecessary gains in taxable accounts. By waiting until January 1, you can push the tax obligation out into 2026.
· Take as many losses as you have in taxable accounts to save taxes in 2025.
· Have a strategy to protect your gains. Using stop-loss orders can help avoid giving back hard-fought profits.
· Consider switching from traditional mutual funds to exchange traded funds (ETFs) to control your gains better and likely reduce taxes. If you bought a Growth fund mid-year, and the fund decided to sell a stock it has held for years, you get to help pay taxes on those gains. This is not true for ETFs.
· Prepare a year end balance sheet measuring end-of-year balances on all assets and liabilities. This is an easy way to track your financial progress over time.
